Palm Springs Area
| Type | New Listings | Pendings | Listings/Sales Ratio |
|---|---|---|---|
| Single Family Homes | 996 | 269 | 3.7 to 1 |
| Condos | 439 | 91 | 4.8 to 1 |
| Multi-Family | 32 | 6 | 5.3 to 1 |
San Diego
| Type | New Listings | Pendings | New Listings/Sales Ratio |
|---|---|---|---|
| Downtown Condos | 144 | 51 | 2.8 to 1 |
San Diego is usually about six months ahead of the desert area market, which is demonstrated by the above. It appears the ratio of new inventory coming on the market is declining in San Diego, but in the desert is continuing to increase.
In my research, it does not appear there are substantial price reductions, mostly people are adjusting to not getting an inflated price over last year, and getting accustomed to longer market times.
In the current market, a property needs to be the best one available at the lowest price for comparable product.
Hi, I'm Jeannie. For over 25 years I've helped investors make money in markets both good and bad. 
